Avanath Capital Management raises $182m

Avanath Capital Management spends approximately a month of time to raise $182 million and holds the first close for its Avanath Affordable Housing IV (Fund IV).

Launched in April 2019, Fund IV is focused on affordable residential property in the US market. It aims to raise a total of $550 million commitment, the highest fundraising target of its affordable fund series and is expected to reach the final close at the end of this year.

The predecessor vehicle, Avanath Affordable Housing III, was closed at $338 million in January 2018.